5 Simple and Effective Ways to Invest in Yourself
There are a lot of ways to invest your money.
From the stock market to government bonds to real estate, you can get a solid return on your investment and ensure that your future is secure. But one of the best ways to invest often goes overlooked: investing in yourself.
We often tend to think of spending money on ourselves as frivolous or wasteful, but sometimes spending a little money—or even just some time—to treat yourself right is the investment that pays off the most. Thankfully, there are some simple ways that valuing yourself can really pay off. Things like...
A New Look
Maybe the quickest way to see results from investing in yourself is to make an upgrade to your appearance. A new look can give you a boost of self-confidence and invite people around you—a boss, a customer, a love interest—to notice you as they haven't in the past.
There are any number of ways to achieve the desired effect. A new pair of glasses, for instance, can totally change the framing of your face, and if you decide you want to go back to your old look, you still have a new backup pair for emergencies.
Likewise, if you've been getting the same haircut for years, you don't need to worry that you'll end up regretting a new style. Let your hairdresser do something different (they probably know what they're doing...) and if you end up disliking the result, you can usually go back for a free fix-up.
Another low-commitment option is makeup. If you're the kind of person who wears makeup already, you can check out some tutorials for some new ideas. And if you don't wear makeup on a regular basis, you might be surprised what a difference something basic like a BB cream can make.
If you're willing to take your upgrade to the next level, you could try a whole new wardrobe. Or—if you're really up for a commitment—a gym membership and a new diet. It might seem strange to bother, since so many of us are stuck at home these days, but making a change to your appearance can help you feel refreshed and energized, and can pay off in a big way—even if it just gives you the confidence you need to crush your next Zoom meeting.
A New Bed
Speaking of refreshed and energized, as much as a new look can improve your mood, a dozen compliments about new clothes, new abs, or a new haircut can generally be spoiled by a single "you look tired." Worse still, chances are that you really are tired...
According to the CDC, one in three adults regularly operate from a sleep-deprived state. But it doesn't have to be that way. Rather than spending an extra $1000 a year on coffee and energy drinks to keep your eyes open—even if your thoughts are a jittery blur—you can spend less than that amount for a one-time upgrade to your bed and transform the sleep you're getting for years to come.
Proper sleep improves your health, your concentration, and your mood, and helps you tap into whatever your skill set is, so you can kick some ass in your work and your life. So if you're sick of mindlessly snacking, losing your keys, and snapping at loved ones and co-workers, maybe what you need is to make an investment in better sleep.
That might mean finding a mattress that works for you, but if you've already invested in one of the many miracles of "sleep technology" that are advertised everywhere (or if you are otherwise satisfied with your mattress), and still wake up exhausted, you might be overlooking your bed frame.
A creaky, shaky bed frame that freaks out every time you or your partner shifts in place can disrupt your sleep quality so that—even after eight hours of sleep—you wake up tired. Time for an upgrade. One good option, the so-called "perfect platform bed frame" from Thuma is sturdy and quiet, with a minimalist design, and details like Japanese joinery, cushioned slats, and a soft headboard to minimize noise and make your bed as comfortable as possible.
A New Outlook
Of course, it might not be your bed that's making life difficult. Sometimes life is just... difficult. But that doesn't mean you have to just tough it out, because—let's be honest—that really doesn't work. When people talk about sucking it up or toughing it out, what they really mean is suppressing your emotions so they can raise your blood pressure, crank your vices or bad habits up to 11, and congeal into a blend of self-loathing and bitterness that makes you just a joy to be around...
What works much better is talking about what stresses you out and what keeps you up at night. If you're lucky enough to have a few close friends you can trust with your most intimate thoughts, you might be all set in that respect, and you might also be living in the sitcom The Golden Girls—so congratulations all around.
For those of us living in a slightly less perfect reality, the existence of a professional set of ears that have to listen patiently to all our anxieties and complaints can be a godsend. Sometimes they can help put things in perspective, or give you some useful advice to help you work on your issues. Other times, they just shut up and listen while you empty your head of everything you've been bottling up.
In either case, the perspective and relief that therapy provides can make you happier, healthier, and more productive. It can make the world seem a little more manageable. If you have good health insurance it might not even cost you anything, but if not, there are services like Talkspace and BetterHelp that can connect you with a therapy professional for about the cost of one nice meal in a restaurant each week.
A New Skill
The average worker in America changes their employer around once every four years. Whether that means quitting, getting laid off, or finding a better job somewhere else, the fact is that you can't rest on your laurels. With the pace that things change, the job you have now might not even be a job 10 years from now, which means it's never too early to start planning for the future.
Fortunately, there are a ton of options for adding a new line or two to your resume. For a start, there are countless YouTube videos offering instruction in everything from home repair to photoshop. And if you want more structured, academic options, there are free courses in everything from chemistry to grammar through Khan Academy, free language instruction through Duolingo, and free lessons in programming languages through Codeacademy. And a service like Skillshare offers tons of resources for developing all kinds of skills at a low monthly rate.
You still need to invest some time and energy, but if you want to future-proof your resume and waltz into your next job interview with confidence, adding a new skill or two to your toolkit is the way to go.
A New Degree
Okay, you might not consider this one "simple" but it's too obvious not to at least consider it. Because all the chemistry courses Khan Academy has to offer won't quite qualify you to work in a pharmacy. If you really want to change your career path, sometimes there's no better option than actually going back to school.
That could mean going to a trade school for a certification in something like plumbing, or getting a bachelor or graduate degree in a field like computer science or nursing. The options are limitless, but if you choose wisely, the time and money of going back to school can totally transform your job prospects and really pay off.
That's especially true if you can find an affordable option for taking classes around your work schedule. While weekend classes and online courses might not be as glamorous as the ivy league, if it means avoiding hefty loans and earning a living while you learn.
Each degree you add makes a sizeable difference to your lifetime earning potential. So even if you thought you were done with school years ago you might find out that it's not too late to make a big investment in your future.
So if you find yourself wondering where you can make a smart investment that will pay off down the line, don't forget to look in the mirror.
It's Southwest Companion Pass Season. Here's Why It's The Best Flight Deal on the Market
There’s all this talk about solo travel. And for good reason — no wasting precious time waiting for others to get their act together, take the plans out of the group chat and actually buy the tickets. Going solo, you can be spontaneous. You can plan your trips according to your precise tastes. You can hop on any flight and fly awayyyyyy.
But what if each time you flew you’d get a free ticket? That’s what you get with the Southwest Companion Pass.
Award status, upgrades, lounge access — there are many perks in the frequent flier game. But one of the coveted holy grails is the Southwest Companion Pass.
What is the Southwest Companion Pass?
The Companion Pass is part of Southwest’s Rapid Rewards program. You get to choose one person to be your “companion,” and they fly with you for free (plus some taxes and fees) on every flight. That’s right. Two for the price of one. That’s half off each ticket if you split it! Whether you’re flying with a partner, family member, friend, or anyone else, they can tag along for free.
And it gets better: once you earn the pass, you can reap the rewards for that full calendar year … AND the next. That’s why people go mad trying to earn a companion pass during the early months of the year. The sooner you qualify, the longer you can use it.
There are also no blackout dates. There are no limits. And if you didn’t purchase the ticket (think: work travel, your companion, or a generous benefactor), there are no restrictions! As long as you’re the one on the plane, your companion can also … be on the plane.
You can also switch out your designated companion 3x a year. So, no need to stay in a relationship simply to get the most out of your companion pass! Ghost and fly away — with a whole new companion!
If this sounds too good to be true — it’s not. But there is one small catch. It’s kinda tough to earn this mega reward.
How to qualify for the Southwest Companion Pass?
You can qualify for the pass in one of two ways:
- Fly 100 qualifying one-way flights
- Earn 135,000 qualifying points in a calendar year.
Clearly, this is no small feat — especially if you’re trying to qualify ASAP.
So how do you actually earn the Southwest Companion Pass?
Don’t worry, there’s a path to earning this amazing reward without climbing on 100 flights or spending an exorbitant amount of money.
Earning 135K reward points may seem completely impossible, but it’s easier than it sounds. Simply sign up for a Southwest Credit Card and turn those spending habits into a rapid rewards account. Through the Rewards Priority Credit Card, earn points when using local transit and commuting, plus score major points and miles whenever you spend.
Stay with me here. This is not some scheme to get you into credit card debt. Many airline cards come with potential savings, giantic rewards, awarding you points, and cashback with every purchase you make that can be redeemed for travel. And often they can come with passive sign-up bonuses. If you spend a specific amount of money within a certain timeframe of opening the card, you can be in for a windfall of points.
Now that’s where the companion pass comes in:
- Southwest Rapid Rewards Premier
- Southwest Rapid Rewards Plus Credit Card
- Southwest Priority Credit Card
- Southwest Rapid Rewards Premier Business Credit Card
- Southwest Performance Business Credit Card
Southwest has three personal cards and a business card. Each of these cards offers rewards between 30K-80K points. In the past, people could open two cards and get a bonus that granted enough points to almost meet the minimum. However, with new restrictions on personal cards, you can only get one bonus every 24 months. Boo!
However, this doesn’t apply to business cards. If you’re eligible, have good credit, and not likely to spiral into insane credit card debt, you can open a business card and a personal card, and accrue 100K+ points. The Rapid Rewards Priority Credit Card will get you points after you spend money in no time.
Now to earn the rest of them.
The secret to gaining these credit card points is to plan your card sign-ups around big purchases. Just before a recent move, I opened a card . . . and the rewards came rolling in — a small balm to ease the pain of how exorbitant moving can be.
Put everyday spend — especially big purchases or bulk items — on your Southwest credit card and watch your award points quickly add up. Typically, you earn 1 point per $1 spent on your Southwest card and 2 points per $1 on actual Southwest purchases.
But there are other ways to earn points, including:
- Flying Southwest: Booking travel on Southwest earns more points. The cost of this travel will be worth it with your companion pass
- Shopping from Rapid Rewards Partners: Purchases with Southwest’s “Home & Lifestyle” and “Shop and Dine” Partners also earn Companion Pass qualifying points. While you shouldn’t make gratuitous purchases, browse Southwest’s partners to see if you could earn extra points for items you'd be purchasing anyway. All this, simply from enrolling in their Dining Program and shopping with their partners.
So there you have it! And since it’s almost Spring, get to earning and soon you’ll be flying two for the price of one!
How to Get a Better Job That Pays You More
Though the wave of tech layoffs and the threat of a recession has overshadowed yesteryear's news of the great recession, everywhere you look, employees are asking for more — and getting it. Though this time of uncertainty could have given employers back the power, it's still in the hands of the workforce.
From Gen-Z's boundary setting and penchant for quiet quitting when they're being under-recognized, to labor unions and even the WGA writer's strike, we're in an era where workers can make demands about how they work — and where they work. And for many people, they want to work from home.
For many employees, full-time remote work offered newfound flexibility to work around their schedules — whether it be picking up kids from school, or working when they feel most productive. Many employees seized this freedom to escape big cities and relocate and prioritize their quality of life. Remote work lovers are demanding offices remain closed or requesting it as a benefit or work option. And if their company insists they return? Many would rather look for new jobs in the flourishing remote-first corporate environment.
However, some missed the structure of the office and its offers of accountability, collaboration, more amenities, and . . . friendship. But not all companies are created equal. Some hope to lure employees back by upgrading the office experience. Turns out, the millennial start-up with that Day-Glo ping-pong table and IPAbeer-on-tap isn’t actually the dream if it comes with a toxic work environment (we’re looking at you WeWork). As companies add in-office perks, employees are requesting more support, boundaries — and even arrangements like the four-day workweek.
For the best of both worlds, companies are adopting hybrid systems. However, reports from CNBC and BBC imply that this may be a taxing option. Having one foot in the office and the other in your office kitchen is far from ideal for most employees, research says.
LinkedIn’s 2022 Global Talent Trends report reveals that of the 500 C-level executives surveyed, 81% said they’re changing workplace policies to offer greater flexibility.
But according to CNBC, “emerging data is beginning to show that hybrid work can be exhausting, leading to the very problem workers thought it could solve: burnout. More than 80% of human resources executives report that hybrid is proving to be exhausting for employees. This is according to a global study by employee engagement platform TinyPulse. Workers also reported that hybrid was more emotionally draining than fully remote and more taxing than even full-time office-based work.”
BBC agrees, reporting: “Emerging data is beginning to back up such anecdotal evidence: many workers report that hybrid is emotionally draining … Workers, too, reported hybrid was more emotionally taxing than fully remote arrangements – and, concerningly, even full-time office-based work. Given many businesses plan on implementing permanent hybrid working models, and that employees, by and large, want their working weeks spent between home and the office, such figures sound alarm bells. But what is it specifically about hybrid working that is so emotionally exhausting? And how can workers and companies avoid pitfalls so that hybrid actually works?”
“Overall, human resources executives thought that hybrid and remote work were the most emotionally exhausting for employees, but that wasn’t the case,” Elora Voyles, a people scientist at TinyPulse, told CNBC.
So with every employee having various experiences and opinions about what works best for them and their lifestyles, it makes sense that people are job-hopping to suit their newfound preferences.
Frankly, some are job-hopping to enhance their compensation. Statistically, most people realize their greatest salary increases when they move from one job to another. Remaining at the same company for years and years often limits how much you can make as your career advances. One popular female finance guru, Cinneah El-Amin told Afrotech: “I am a staunch advocate for more women to job-hop, to get the money they deserve, and to stop playing small when it comes to our careers and the next step in our careers.”
The research supports this, with Zippia claiming: “Generally speaking, a good salary increase when changing jobs is between 10-20%. The national average is around 14.8%, so don't be afraid to ask for a similar increase. At a minimum, you should expect a wage growth of at least 5.8% when you change positions.”
However, a job search can be daunting, despite the potential benefits. But if you can land a role in a new company — and potentially boost your salary while you’re at it — you will challenge yourself and constantly keep learning. LinkedIn Learning, for example, is one platform that can help you level up your skills and give you an edge to land the job.
LinkedIn Learning allows you to take advantage of the moments that truly matter. It offers courses on subjects that will carry you through every step of your career. Their instructors have real-world experience.
With their one-month free trial, you can explore over 16,000 classes that will help you hone specific skills, ignite your passion for learning, and discover skills to reach your career goals.
Check out the LinkedIn Learning Pathfinder and it will generate a custom list of courses based on what you want to achieve. Learn more about recent top career development goals and acquire the skills to help you reach them.Unsure what to do and how to start your job search? Let LinkedIn Learning be the first step you take in the path to a new and improved career.
Best Female-Founded Brands to Support
Oh, how far we’ve come! Recently, it was revealed that — finally! — women CEOs at Fortune 500 companies outnumber male CEOs named John. A dubious milestone, but it's something to celebrate.
Though women have come pretty far in society, the progress we've made is far from enough. From the pay gap to daily microaggressions, it’s still obvious that women are treated as lesser than in society. This is especially clear when you look at how few female-founded businesses there are.
According to Rolling Stone, it’s crucial to support female-owned businesses. They report: “While it is true that the different experiences and backgrounds that women and men have undoubtedly affect business approaches, this is actually a good thing. A business with diverse perspectives is an innovative business that can actually push the boundaries of industries.” Like with any other social justice cause, uplifting marginalized folks is good for everyone involved. We all benefit from the increased, diverse worldviews brought about by representation.
The article continues: “Having a gender-diverse business yields better consumer insight, and in turn, a more profitable business. Back in 2015, McKinsey & Company found businesses that were more gender-diverse were likely to outperform approximately 15 percent above the industry median. Years later in 2020, they found that the percentage had increased to 25 percent.”
Therefore, even if we aren’t focused on all the social and political reasons to uplift female entrepreneurs, it’s better for everyone’s bottom line if we do.
Yet, despite this oft-proven reality, archaic stereotypes and oppressive systems stand in the way of progress in every sector. An article in Business News Daily outlines some of the obstacles women face as entrepreneurs. The number one hurdle they face? Social expectations.
The article advises that in order to beat this imposter syndrome, female founders should stick to their guns rather than trying to conform. “Women may feel as though they need to adopt a stereotypically "male" attitude toward business: competitive, aggressive, and sometimes harsh. But successful female CEOs believe that remaining true to yourself and finding your own voice are the keys to rising above preconceived expectations.”
But often, women are told their lack of professional advancement is their fault. You’re too shy. You’re not assertive enough. You need to ask for what you want. Otherwise, how do you expect to get it?
However, despite this refrain, it’s actually not their own fault. This scapegoating convinces ambitious women that if their careers are stifled, it’s their fault. This causes imposter syndrome, lack of representation, and real industry consequences.
According to BND, “Raising capital is even more difficult for women-owned businesses. A 2014 Babson College report found that less than 3% of companies with venture capital funding had female CEOs … venture capitalists tend to invest in startups run by people of their own ‘tribe.’”
Other things that get in the way of women climbing the ladder to success include: struggling to be taken seriously, owning their accomplishments, building a support network, balancing business and family life, and coping with the fear of failure.
These are real, tangible barriers that most female entrepreneurs face. The women who have succeeded should be celebrated — and this month is the perfect one to do so. Luckily for us, we can vote with our dollars, supporting the businesses we love so that there can be more like-minded companies out there in the world.
Here are some of my favorite female-owned brands to support in the pursuit of equality: